Financial Conduct Authority
- Date 11 March 2022
- Sector Other
- Decision(s) FOI 10: Upheld, FOI 31: Not upheld, FOI 43: Upheld, FOI 44: Not upheld
The complainant has requested findings from two reviews conducted by the Financial Conduct Authority (FCA) into the governance arrangements of host Authorised Corporate Directors of investment funds. The FCA provided some redacted documents but withheld information from these under section 43(2), 44 and 31(1)(g) of the FOIA. The Commissioner’s decision is that the information withheld under sections 31(1)(g) and 44(1)(a) has been correctly withheld from disclosure. With regard to section 43(2) the Commissioner finds the exemption has been correctly engaged but the balance of the public interest favours disclosure. The Commissioner also finds the FCA has breached section 10(1) of the FOIA by failing to provide a valid response within 20 working days. The Commissioner requires the public authority to disclose the information highlighted in the redacted documents as engaging section 43(2) of the FOIA.